Historic Mixed-Use
112 W Hill Street Champaign, IL 61820
112 W Hill Street, Champaign, IL, 61820
$1,995,000
For Sale
$1,995,000
Historic downtown Champaign building with residential apartments and commercial tenant space, updated systems, and sprinkler fire protection.
Days on Market539
Property Features for 112 W Hill Street
General Information
- Standard status
- Active
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1897
Listing agency
Coldwell Banker R.E. Group
(217) 841-6203
Listed by
Jeremy Brandow · License #475142156
(217) 841-6203
Source
Exitrealty
Added: Jan 28, 2025 Updated: Jul 21 at 1:58AM Checked: Jul 21 at 4:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker R.E. Group
Investment Insights
Based on property information with market context.
This historic Richardsonian building includes residential multi-family apartments and commercial tenant space within the same structure. The property currently features six distinct luxury 2-bedroom apartments, all 100% leased, and residential units with in-unit washer and dryer. Updates listed include zoned HVAC, 800 Amp electrical service, new plumbing, a new roof, thermopane windows, brick tuck-pointing, restored light fixtures, and interior preservation of tile flooring and original woodworking. The building is fire-protected by a sprinkler system, and the ceiling between commercial space and residential apartments has a 2-hour fire rating.
The first and second floor commercial area is configured to be leased as a whole or split into multiple spaces. The building also includes two elevators, including a recently added freight elevator and a historic passenger elevator. The commercial portion features a three-story tall back loft opened from the first floor to the top of the third floor.
The building is across from the Hill Street Parking Deck and is described as being steps from downtown restaurants and night-life. As a Historic Landmark, the property notes that both federal and state historical tax credits may be available for future renovation and construction expenses, subject to project scope.
The first and second floor commercial area is configured to be leased as a whole or split into multiple spaces. The building also includes two elevators, including a recently added freight elevator and a historic passenger elevator. The commercial portion features a three-story tall back loft opened from the first floor to the top of the third floor.
The building is across from the Hill Street Parking Deck and is described as being steps from downtown restaurants and night-life. As a Historic Landmark, the property notes that both federal and state historical tax credits may be available for future renovation and construction expenses, subject to project scope.
Key Highlights
- 1897 Richardsonian‑style historic building with residential multi‑family and commercial tenant spaces in downtown Champaign
- Residential units: 6 unique 2‑bedroom apartments (980–1400 SF), all 100% leased
- Updates include zoned HVAC, 800 Amp electrical service, all new plumbing, and new roof
Property Analytics
Location Intelligence
Current Use by Public Records
The Organ Loft Apartments.
Real Estate Agency
Buzard Pipe Organ ...
Production Facility
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FAQs
What type of property is this?
Apartment building - Historic downtown Champaign building with residential apartments and commercial tenant space, updated systems, and sprinkler fire protection.
Where is this apartment building located?
The property is located at 112 W Hill Street Champaign, IL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 1897 Richardsonian‑style historic building with residential multi‑family and commercial tenant spaces in downtown Champaign; Residential units: 6 unique 2‑bedroom apartments (980–1400 SF), all 100% leased; Updates include zoned HVAC, 800 Amp electrical service, all new plumbing, and new roof
